Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-09-28
DUN & CO.'S REPORT.
DURING
TIRE PAST SEVEN DAYS.
The Close Money MArkst-Wiss and Beneficial Course
Of the Goysrnnent-fhe hnanes Of Inc
Country Conditions Of General
Trade in Various Sectnns.

NoAuGl A0siN N4S
Trade in Various Sections.
NEW YORK, September 2S-R G.. Dun
& Co. s weekly review OF trade says: The
sudden change OF I've Governments policy
brings hopetulueS, ~ the inca ' market.
Possibly, indeed, too nucn ray he e1-
pected. Treasury purchases cannot en-
tirely remove tn consequences Of the
short crops, harmful speculation. over
hasty development or the chang "E active
into fixed capital. Wall s;ree' looks for
the whole Of the Sli ,OO0, IO, bat q large
part ofthe bonds will come from the inter
Tor aud money will 20 thilher. Much Of
il is wanted to meet commitments in new
enterprises and may be 30 absorbed. The
speculative advance in prices, which ut
once begun, will make more money needed
to carry the same stocks or products The
country is now using, outside the Treas
ury 81, S23, 600, 900 Of various kinds Of
money and n clesy addition Of q per
cent would not 20 very tar. But this dis
bursement will not be wholly adding Of
currency, 10 the sur in use, because the
Government receipts exceed regular eH-
penditures by s., 200, 900 or more each
week.
The best of it is that
THE TREASURY HAS DONE,
and 81 may be expected to do whatever II
can to avoid disturbance. While money
is instantly made easier in Wall street, il
grows tighter throughout the interior.
Effects OF absorption OF capital in building
and rapid developne nt are each week felt
more clearly. At Cleveland money il
very close" At Chicago the constant
demand from the country towns causes q
pressure OF which no relaxation at present
is expected. The recen; failures cause
caution nj Philadelphia. Former failures
also cause pressure at Cincinnati, where Z
per cent is commonly paid. At New Or
leans money has not been 10 tight since
the Grant-Ward failure" Al Kansas
City, Omaha aud Milwaukee money /
close, aud from nearly all points collec
tions are reported slow" or only fair
During the past week the Treasury has
paid out 81. 500, Oa more than il has taken
in. 81 that its payments exceed its receipts
for the month by 81, 100000.
Some depression results from recent fail
urcs in the iron trade and from
CONTINUED HEAVY IMPoRTtrIoNs,
and while the beat brands of pig are firm.
the heavy output tends TO weaken other
grades.
Boot and shoe sales are not up Ia the re
cent expectations. Travellers reporting
orders contracted by monopoly pressurss.
Leather and hides are consequently dull;
and some slackening in the wooden goods
trade, checks the late promise Of greater
activity in wool. Dry goods experience
some reaction from the unusual activity OF
recent weeks. but prices are firmly held.
Prices in the stock market declined Mon
day and Tuesday, To the lowest Of the
year, but have since recovered smartly.
Wheat is also lifting a little, aud n new
speculation appears IN oil, with some ad-
vance in coffee.
The tendency for the momeut Ia ~ al
vance prices in all markets, On account OF
Treasury disbursements, hut the shortness
of crops, and the absorption Of capital into
fixed forms, must still have some inhu-
encr. The business failures during the
last seven days number for the United
States l56, Canada 20, total ls3; compared
with lSs last week, and lSS for the CORE
spending week m 1856.